Hi Dratoz,Have you seen that LME has now started trading Mo. The...

Hi Dratoz,

Have you seen that LME has now started trading Mo. The 3 month price is US$17/lb (US$37,500/t). From memory that is far better (+50%) than the price that STZ was using last year when calculating the project NPV. It was also an improvement on the market price at the end of January (US$14.74/lb) +15%!

I only hope that these guy can get their project supported. I hate watching the share price continuing to slide. I wonder who sold at 4.5cents!

TFP

http://www.lme.com/minormetals/Latest_molybdenum_prices.asp